Scott Edward Peterson - May 15, 2024 Form 4 Insider Report for PLAYSTUDIOS, Inc. (MYPS)

Signature
/s/ Joel Agena, Attorney-in-Fact
Stock symbol
MYPS
Transactions as of
May 15, 2024
Transactions value $
-$312,177
Form type
4
Date filed
5/17/2024, 05:48 PM
Previous filing
Mar 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MYPS Class A Common Stock Options Exercise $0 +150K $0.00 150K May 15, 2024 Direct F2
transaction MYPS Class A Common Stock Options Exercise $0 +183K +122.22% $0.00 333K May 15, 2024 Direct F3
transaction MYPS Class A Common Stock Other $0 -27.8K -8.34% $0.00 306K May 15, 2024 Direct F4
transaction MYPS Class A Common Stock Tax liability -$312K -131K -42.93% $2.38 174K May 15, 2024 Direct F5
transaction MYPS Class A Common Stock Other $0 -174K -100% $0.00* 0 May 15, 2024 Direct F6
transaction MYPS Class A Common Stock Other $0 +174K +37.94% $0.00 634K May 15, 2024 by Scott E Peterson Trust F6
transaction MYPS Class A Common Stock Other $0 +27.8K +457.5% $0.00 33.9K May 15, 2024 By Spouse F1, F4
holding MYPS Class A Common Stock 460K May 15, 2024 by Scott E Peterson Trust
holding MYPS Class A Common Stock 6.08K May 15, 2024 By Spouse F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MYPS Restricted Stock Units Options Exercise $0 -183K -23.91% $0.00 583K May 15, 2024 Class A Common Stock 183K $0.00 Direct F7, F8
transaction MYPS Restricted Stock Units Options Exercise $0 -150K -100% $0.00* 0 May 15, 2024 Class A Common Stock 150K $0.00 Direct F7, F9
holding MYPS Performance Stock Units 83.3K May 15, 2024 Class A Common Stock 83.3K $0.00 Direct F10
holding MYPS Stock Options 68K May 15, 2024 Class A Common Stock 68K $1.01 Direct
holding MYPS Stock Options 68K May 15, 2024 Class A Common Stock 68K $1.44 Direct
holding MYPS Earnout Shares 12.8K May 15, 2024 Class A Common Stock 12.8K $0.00 Direct F11
holding MYPS Earnout Shares 50.5K May 15, 2024 Class A Common Stock 50.5K $0.00 by Scott E Peterson Trust F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares owned by the reporting person's spouse. The reporting person disclaims beneficial ownership of the shares held by his spouse, and the inclusion of such shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose
F2 Represents shares of Class A common stock, $0.0001 par value per share ("Class A Common Stock"), issued upon settlement of fully vested Restricted Stock Units awarded to the Reporting Person on February 23, 2022.
F3 Represents shares of Class A Common Stock issued upon settlement of fully vested Restricted Stock Units awarded to the Reporting Person on March 11, 2024.
F4 Reflects the transfer of shares of Class A Common Stock to the Reporting Person's spouse.
F5 Represents the number of shares of Class A Common Stock that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the net settlement of Restricted Stock Units and does not represent an open market sale.
F6 Reflects the transfer of shares of Class A Common Stock to the Reporting Person's trust and, as a result of such transfer, a change in the form of ownership of such shares from Direct to Indirect.
F7 Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock.
F8 On March 11, 2024, the Reporting Person was granted 766,669 unvested unvested Restricted Stock Units. Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock. The Restricted Stock Units are scheduled to vest as follows, subject in each case to the Reporting Person's continued employment with the Company through the applicable vesting date: 183,334 Restricted Stock Units vesting on May 15, 2024; 250,001 Restricted Stock Units vesting on May 15, 2025; 166,667 Restricted Stock Units vesting on May 15, 2026; and 166,667 Restricted Stock Units vesting on May 15, 2027.
F9 On February 23, 2022, the Reporting Person was granted 450,000 unvested Restricted Stock Units. The Restricted Stock Units vest in three equal installments, with one-third vesting on May 15, 2022, one-third vesting on May 15, 2023, and one-third vesting on May 15, 2024, subject in each case to continued employment with the Company through the applicable vesting date.
F10 Each Performance Stock Unit represents the contingent right to receive, upon vesting and settlement, up to one share of Class A Common Stock. The actual number of shares of Class A Common Stock to be issued upon vesting of such Performance Stock Units will be determined based on, and will be contingent upon, the achievement of certain pre-established performance metrics, as determined by the Compensation Committee of the Company's Board of Directors, for the fiscal year ending December 31, 2024.
F11 Payable in two equal tranches if the closing price of the Class A Common Stock exceeds $12.50 and $15.00 per share, respectively, for any 20 trading days within any 30-trading day period commencing on or after the 150th day following the closing (the "Closing") of the business combination pursuant to the Agreement and Plan of Merger, dated as of February 1, 2021, to which the Issuer is a party, and ending no later than the five-year anniversary of the Closing. The Earnout Shares are also subject to potential vesting based on the price targets in connection with a sale of the Issuer.